Delhivery has sought approval from the Competition Commission of India (CCI) to acquire a 99.4% stake in Ecom Express for 1,407 crore rupee (US$164.8 million).

The companies said in their filing that the deal won’t significantly affect competition in logistics, despite overlaps in services like express parcel delivery, warehousing, and intralogistics automation.

The transaction falls under Section 5(a) of the Competition Act, 2002, which regulates M&As based on asset and turnover thresholds.